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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 43

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A set of data is mounded,with a mean of 500 and a variance of 576.
-Approximately what proportion of the observations is between 476 and 524?


Definitions:

Desert Island

An uninhabited or deserted island, often depicted in literature and movies as a remote, isolated place.

Competitive Equilibrium

A market state where supply equals demand, and no economic agents have the incentive to change their behavior.

Utility Function

A mathematical representation of how a consumer ranks different bundles of goods according to the level of satisfaction or happiness they provide.

Endowed

Provided with a quality, ability, or asset; often used in the context of endowed chairs in academia or endowed grants/funds.

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